Direct Tax

Archive: Direct Tax

This content is from: Direct Tax

Calls mount for independent tax-setting body

The UK government is being urged to improve the business environment by setting up an independent tax-setting body
April 27 2002
This content is from: United States

PwC partner to chair US financial accounting rulemaker

The US Financial Accounting Standards Board (FASB) has named a senior PricewaterhouseCoopers partner as its new chairman, at a critical time for the profession
April 27 2002
This content is from: Sweden

Deloitte & Touche grabs Scandinavian share of Andersen

The Swedish and Danish operations of Andersen have agreed to join forces with Deloitte & Touche, in a further blow to KPMG
April 26 2002
This content is from: United States

KPMG loses tax partner to Baker & McKenzie

In a departure from the trend for the big four professional services firms to poach lawyers for their tax groups, Baker & McKenzie has hired a tax partner from KPMG in Los Angeles
April 26 2002
This content is from: United States

Free-market groups back US tax reforms

Free-market lobby groups in the US have sent letters to key lawmakers urging them to make the US tax regime more attractive to international companies rather than imposing protectionist barriers
April 26 2002
This content is from: Czech Republic

Andersen hands central European network to Ernst & Young

Andersen’s central European operations have agreed to join forces with Ernst & Young by the end of June
April 26 2002
This content is from: Netherlands

Andersen carve-up continues in Europe and Latin America

The Andersen network has continued to disintegrate with offices in Europe and Latin America joining rival firms
April 20 2002
This content is from: Direct Tax

Businesses react angrily to UK budget

Gordon Brown, the UK chancellor of the Exchequer, is facing criticism of his budget from corporates angry at once again being forced to fund public spending
April 20 2002
This content is from: Direct Tax

OECD publishes model for tax information exchange

An OECD working group has produced a model agreement for countries to exchange tax information
April 20 2002
This content is from: Singapore

Committee calls for Singapore to slash tax rates

A committee set up by the Singapore government has recommended overhauling the country’s tax system to boost jobs and the economy
April 20 2002
This content is from: Germany

Allen & Overy hires Haarmann partner for German tax launch

Allen & Overy has hired a Haarmann Hemmelrath partner to set up a tax practice in Germany
April 20 2002
This content is from: Netherlands

Lovells launches Dutch tax practice with Andersen raid

Lovells has raided Andersen to launch a Dutch tax practice in Amsterdam
April 20 2002
This content is from: Direct Tax

OECD reveals new tax haven blacklist

Seven tax havens are in the OECD firing line after the group of rich nations announced its list of uncooperative low-tax jurisdictions
April 20 2002
This content is from: Direct Tax

New CGT rules for German derivatives market

Private individuals holding a variety of financial products are subject to new capital gains rules following a recent letter from Germany’s Ministry of Finance. By Dr Marcus Mick, Flick Gocke Schaumburg, Frankfurt
April 14 2002
This content is from: Direct Tax

CFC loopholes can still benefit Italian taxpayers

Despite new CFC legislation in Italy, a lack of EU harmonization means that taxpayers may still use a variety of taxing jurisdictions to get the best rate for their income. By Marco Giuliani, of Professionisti Associa...
April 14 2002
This content is from: Direct Tax

India's 2002 budget sets its sights on dividends

Following the recent announcement of the Indian budget, taxation of dividends has shifted from a fixed-rate system to an entity-based system. Time to take stock of the latest developments to determine the best route o...
April 14 2002
This content is from: Direct Tax

The BT demerger – lessons for UK structures

At the end of 2001, British Telecommunications demerged its wireless business. The transaction provides a good example of how UK demergers can be effected without material tax costs for a company and its UK shareholde...
April 14 2002
This content is from: China

O’Melveny raids Coudert for Asian expansion

O’Melveny & Myers has strengthened its Asian tax practice after hiring a Chinese specialist from Coudert Brothers
April 13 2002
This content is from: Direct Tax

Andersen and PwC unite in Middle East
April 13 2002
This content is from: Direct Tax

Andersen fragments in Latin America

Building on its hispanic success — striking deals with Andersen offices in Spain and Portugal — Deloitte & Touche has persuaded Andersen in Brazil and Mexico to join the firm and turn their backs on a deal with KPMG. ...
April 13 2002
This content is from: South Korea

Korea to ease foreign investment rules

Korea will reduce investment thresholds and improve tax breaks to convince more multinational companies to set up their Asia headquarters in the country
April 13 2002
This content is from: Direct Tax

Niue commits to OECD harmful tax initiative

Niue has signed up to the OECD’s initiative on harmful tax practices by committing to improve transparency and establish an effective regime for exchanging tax information by the end of 2005
April 13 2002
This content is from: Direct Tax

KPMG loses ground as Andersen UK jumps to Deloitte

KPMG has lost even more ground in its bid to merge with Andersen’s non-US offices after the UK practice jumped ship to Deloitte & Touche
April 13 2002
This content is from: South Africa

KPMG grabs Andersen South Africa

KPMG has announced it will merge with Andersen in South Africa after abandoning plans for a wider deal between the two firms
April 13 2002
This content is from: Belgium

EU investigates Belgium’s pro-US tax scheme

Tax breaks offered to US companies operating in Belgium could constitute illegal state aid, according to the European Commission
April 13 2002
This content is from: Netherlands

KLegal restructures bankrupt Dutch member

KPMG’s legal arm in the Netherlands is relaunching as KLegal this week to save itself from bankruptcy
April 06 2002
This content is from: Poland

Polish foundation in Supreme Court victory

A landmark victory by a Polish foundation in the Supreme Court could pave the way for hundreds of other organizations throughout the country with similar tax liabilities
April 06 2002
This content is from: United Kingdom

British Virgin Islands commits to OECD harmful tax initiative

The British Virgin Islands has signed up to the OECD’s initiative on harmful tax practices by committing to improve transparency and establish an effective regime for exchanging tax information by the end of 2005
April 06 2002
This content is from: United States

Deloitte scoops Andersen tax advisers

Deloitte & Touche has signed a memorandum of understanding with Andersen in the US to acquire a “significant number” of its US tax staff
April 06 2002
This content is from: Mexico

Ernst & Young lures PwC Mexican duo

Ernst & Young is back on its recruitment drive and this time it is PricewaterhouseCoopers in Mexico that has suffered
April 06 2002
This content is from: Direct Tax

Andersen and KPMG end merger talks

Andersen and KPMG have confirmed that the proposed merger of their non-US operations has collapsed
April 03 2002

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